Mr. Darren Peddle reports

GREENWAY ANNOUNCES SHARE UPDATE

Greenway Greenhouse Cannabis Corp.'s largest shareholder, Sunrite Greenhouses Ltd., has returned for cancellation for no consideration by the company, one million common shares. The subject shares were pledged by a debtor pursuant to a loan arrangement and upon default were released to Sunrite. Immediately following the cancellation, there are 130,889,032 common shares of the company issued and outstanding.

"Sunrite has decided to cancel all of the shares that came back to it through this loan agreement process," said Jamie D'Alimonte, chief executive officer of Greenway. "We believe this is in the best interest of the company, the shareholders and our employees. This shows our continued commitment to Greenway as it increases the part of the company each common share represents. We want the public to know that we will continue to operate a highly skilled team, which has been delivering with one of the lowest costs of production in the industry."

"As a company we want to be able to maintain our focus on growing premium cannabis at a large scale, and having this distraction behind us makes that easier," said Carl Mastronardi, president of Greenway. "Our goal is to turn Greenway into a household name, and we are taking the next step on that journey by launching our own consumer brands in early 2024."

Distribution of options

The company would also like to announce that it has granted stock options to directors, officers and employees of the company, options to purchase up to an aggregate of 5,325,000 common shares in the capital of the company pursuant to the company's incentive stock option plan. Each option is exercisable for one common share at an weighted average exercise price of 46 cents, being above the closing price of the common shares on the Canadian Securities Exchange (CSE) on Nov. 30, 2023. The options are exercisable for a period of five years from the date of grant.

The granting of these options comes after certain directors, officers and employees of the company chose to cancel options to acquire up to 7,725,000 common shares at a weighted average exercise price of 60 cents on Sept. 30, 2023.

About Greenway Greenhouse Cannabis Corp.

Greenway Greenhouse Cannabis is a federally licensed cultivator for the Canadian cannabis marketplace. Greenway is headquartered in Kingsville, Ont., and leverages its agriculture and cannabis expertise in its aspiration to be a leading cannabis cultivator in Canada.

We seek Safe Harbor.